Fintech / Regtech

Fintech / Regtech

SFC Issues Guidance on Outsourcing of Data Storage

By Editors | 01/11/2019

Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.

AML / KYC

FATF Issues Draft Guidance on Digital Identity Systems

By Manesh Samtani | 31/10/2019

The draft guidance analyses the use, reliability and independence of digital ID systems, and looks at how they can meet FATF requirements around customer due diligence.

Fintech / Regtech

S. Korea Launches 10-Bank Pilot of Open Banking System

By Editors | 31/10/2019

Initially, bank customers will be able to access services from 10 banks, before the system is expanded to other banks and fintech firms in December.

Fintech / Regtech

NPP Australia Unveils Roadmap for New Payments Capabilities

By Editors | 30/10/2019

The roadmap includes the development of new structured data capabilities, third party payment initiation, and the ability to link regular payments to a mobile number.

Fintech / Regtech

HKMA Stresses Consumer Protection Ahead of Open Banking Phase II

By Editors | 30/10/2019

The HKMA outlines its expectations for the consumer protection practices financial institutions should adopt for Open API Phase II and beyond.

AML / KYC

ACIP Workshop: Key Challenges to Deploying AML Data Analytics

By Editors | 28/10/2019

The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.

Fintech / Regtech

TSE to Explore New Uses for Margin Trading, Short Selling Data

By Editors | 26/10/2019

Data relating to margin transactions and short selling will be made available to testing participants to identify possible new applications of the data.

Fintech / Regtech

HKMA Updates Guidance on E-Banking Risk Management

By Editors | 25/10/2019

The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.

Fintech / Regtech

Australia Senate Committee Releases Fintech, Regtech Issues Paper

By Editors | 25/10/2019

The issues paper identifies five key factors for the fintech and regtech sectors which the committee will focus its attention on in a year long inquiry.